W/Bank approves $600m safety net project to Ethiopia
he World Bank has approved a $600 million credit to Ethiopia for the
Productive Safety Nets Project 4 (PSNP4), reports said on Wednesday.
The bank said in a statement issued on Wednesday that the funds will be
used to expand access to safety net and disaster risk management
systems, as well as provide nutrition services and income support to
food insecure families living in rural Ethiopia.
Guang Z. Chen, World Bank Country Director for Ethiopia, said since its launch nearly a decade ago, the Productive Safety Net Program has made unparalleled contributions not only to food security and Ethiopia’s progress in meeting many of the MDG goals, but to reversing land degradation.
“PSNP4 will build on these successes, and also support the development of long-term social protection systems and disaster risk management. I am very pleased that the program will be expanded across the country to eventually reach up to 10 million people each year,� Chen added.
The PSNP4 will be implemented in 411 districts in Ethiopia, reaching up to 10 million food insecure people per year and includes a total budget of approximately $3.6 billion from the government and 11 development partners.
Guang Z. Chen, World Bank Country Director for Ethiopia, said since its launch nearly a decade ago, the Productive Safety Net Program has made unparalleled contributions not only to food security and Ethiopia’s progress in meeting many of the MDG goals, but to reversing land degradation.
“PSNP4 will build on these successes, and also support the development of long-term social protection systems and disaster risk management. I am very pleased that the program will be expanded across the country to eventually reach up to 10 million people each year,� Chen added.
The PSNP4 will be implemented in 411 districts in Ethiopia, reaching up to 10 million food insecure people per year and includes a total budget of approximately $3.6 billion from the government and 11 development partners.
Signature : APA
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